Hong Kong SAR, China: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Hong Kong SAR, China

The Hong Kong preserved belly cut market expanded remarkably to $X in 2020, increasing by X% against the previous year. In general, the total consumption indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2007 indices. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Preserved belly cut consumption peaked in 2020 and is expected to retain growth in the near future.

Preserved Belly Cut Production in Hong Kong SAR, China

In value terms, preserved belly cut production amounted to $X in 2020 estimated in export prices. Over the period under review, production saw a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production attained the peak level in 2020 and is likely to continue growth in years to come.

Preserved Belly Cut Exports

Exports from Hong Kong SAR, China

In 2020, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at X tons in 2019, and then reduced notably in the following year.

In value terms, preserved belly cut exports reduced sharply to $X in 2020. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2019, and then reduced sharply in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for preserved belly cut exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macao SAR totaled -X%.

In value terms, Macao SAR ($X) also remains the key foreign market for preserved belly cut exports from Hong Kong SAR.

From 2007 to 2020, the average annual rate of growth in terms of value to Macao SAR was relatively modest.

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved belly cut export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to +X% per year.

Preserved Belly Cut Imports

Imports into Hong Kong SAR, China

In 2020, preserved belly cut imports into Hong Kong SAR contracted sharply to X tons, falling by -X% on the previous year. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, preserved belly cut imports contracted remarkably to $X in 2020. Overall, imports saw a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports remained at a lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and China (X tons) were the main suppliers of preserved belly cut imports to Hong Kong SAR, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved belly cut suppliers to Hong Kong SAR were Spain ($X), Italy ($X) and China ($X), with a combined X% share of total imports.

Spain recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, growing by X% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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